Tesla and SpaceX Merger Speculation Heats Up and Elon Musk Tries to Cool It Off
Elon Musk has addressed speculation regarding a potential merger between Tesla and SpaceX as SpaceX stock reaches a record low. Tesla's stock has dropped 31% this year, raising concerns about the company's direction, particularly as it may shift focus from automotive production to an AI-centric future, potentially sacrificing its main manufacturing site in China.
Author
Al Root
Source
Barron's
Published
Friday, July 31, 2026
Time
4:29 PM EDT
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Elon Musk Cools Off Tesla-SpaceX Merger Speculation as SpaceX Stock Hits Record Low
Coming into Friday, Tesla stock has fallen 31% this year. (Loic Venance / AFP via Getty Images)
For more evidence that Tesla might not be a car company, consider the recent report that Tesla could be thinking of leaving its largest, most productive car plant in the world’s largest market for new cars and new EVs behind, in favor of an all-artificial-intelligence future.
